Collateral Analyst I - Asset Based Lending ID-18428
About the position
The Collateral Analyst I position at Capital One is a challenging role that offers the convenience of working virtually from home, provided that candidates reside within a 50-mile driving distance from the Capital One hub location in Plano, TX. This role is part of the Capital One Commercial Core Operations (CCO) team, which is focused on supporting agent syndicated loans within Corporate Banking. Candidates must possess solid product knowledge in asset-based lending, as the position involves analytical components related to various loan accruals, manual calculations, and ongoing reconciliation and remediation processes. Strong communication skills and the ability to work collaboratively with stakeholders are critical for success in this role, as it involves facilitating ongoing change management within the team. As a member of the Collateral Analyst team, the individual will be responsible for supporting the day-to-day operations of a diverse mix of commercial lending customers and loan types. The core responsibility of the team is to analyze and monitor clients' collateral to ensure the validity of assigned collateral in accordance with their loan agreements. This includes providing support throughout the life cycle of Asset Based Lending (ABL), from feedback on credit agreement negotiations to daily collateral monitoring and ineligible calculations, and ultimately to payoff validations. The role requires a proactive and self-motivated approach to work, with a willingness to take ownership of tasks and contribute to a collaborative team environment.
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Responsibilities
- Analyze and monitor client's collateral to ensure compliance with loan agreements and accurate ineligible calculations.
- Prepare collateral reconciliation and balance deposit accounts on a daily basis, working with clients and account executives to resolve discrepancies.
- Review and analyze clients' accounts receivable performance, identify ineligible collateral following prescribed guidelines, and reconcile client's collateral balances.
- Prepare summaries of client's accounts receivable.
- Review and analyze client's inventory consignments and prepare reports on client's inventory activity.
- Review reports and documentation submitted by clients on a daily basis.
- Prepare necessary documentation to process client's daily payment and advance requests.
- Input data on client accounts into the bank's loan accounting Advanced Commercial Banking System (ACBS) via ECC Schedule module for tracking and trending purposes.
- Leverage accounting systems to reconcile the loan balances to the collateral monitoring database and process transactions to manage dominion accounts.
- Conduct ongoing process and control reviews for effectiveness, gaps, and ongoing enhancements based on evolving business needs, product offerings, and industry trends.
- Prepare monthly/quarterly verification letters and perform regular follow-up on any exceptions or non-responses.
- Prepare verification summary report with findings for account executives to review and approve.
- Work directly with customers to discuss and resolve any discrepancies in their collateral reporting.
- Assist account executives with specialized product support such as tax lien verifications and lender finance requirements.
- Ensure collateral reporting and documentation is properly stored and maintained in alignment with document retention policies and procedures.
Requirements
- High School Diploma, GED or equivalent certification.
- At least 1 year of experience in financial services or asset-based lending.
- At least 1 year of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs).
Nice-to-haves
- Bachelor's Degree or Military experience.
- 2+ years of experience in financial services or asset-based lending.
- 2+ years of experience with collateral monitoring software (ACBS, Solifi, ABLSoft).
- 2+ years of experience with Microsoft Office (Outlook, Excel, Word, PowerPoint) or Google Suite (Sheets, Slides, Docs).
Benefits
- Comprehensive health insurance coverage.
- Financial benefits supporting total well-being.
- Inclusive set of benefits that vary based on full or part-time status, exempt or non-exempt status, and management level.